Corporate Wellness Market to Touch New Heights
A healthy workforce is a productive workforce.?Hence cultivating a culture that encourages wellness among your employees helps lowering job turnover, and job satisfaction, manage stress, reduce absenteeism, etc. It also helps in cost saving the extra expenses on preventive employee illness in the long run.
?The corporate wellness market size will grow up to USD 24.44 billion at a CAGR of 7.88% during 2021-2025.?Key drivers such as the increasing need to combat rising healthcare costs are notably supporting the corporate wellness market growth. However, one of the foremost factors impeding market growth is the poor engagement level of employees.39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for corporate wellness in North America.
The corporate wellness market report by Technavio provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.